Proceedings under Sections 7(4) and 7(5) of the Banning of Unregulated Deposit Schemes Act, 2019 are…
Section 7(7) of the BUDS Act deems every proceeding under sub-sections (4) and (5) to be a judicial proceeding within the meaning of sections 193 and 228 of the Indian Penal…
Choose your answer
Proceedings under Sections 7(4) and 7(5) of the Banning of Unregulated Deposit Schemes Act, 2019 are deemed to be:
Answer and explanation
Correct answer C
Section 7(7) of the BUDS Act deems every proceeding under sub-sections (4) and (5) to be a judicial proceeding within the meaning of sections 193 and 228 of the Indian Penal Code, not an administrative, revenue or arbitration proceeding.